ByteDance is in early stage talks to list its Chinese short video app Douyin in Hong Kong, Reuters reported on Monday.
ByteDance said it’s considering listing some of its businesses in Hong Kong, but no final decision has been made, in a response to CGTN.
The company is exploring possibilities with investment banks about a standalone IPO for Douyin, according to Reuters.
Douyin is the flagship product of ByteDance. Launched in September 2016, Douyin allows users to create short music videos and is especially popular among young users. As of August this year, Douyin has more than 600 million daily active users.
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